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Search Results 0 to 12 of about 13 (some duplicates have been removed)
's core demand that the top marginal income rates return to the clinton-era levels of 36%, 39.6% after december 21st, the article goes on to say, the additional revenue would be only about a quarter of the $1.6 trillion that mr. obama wants to collect over ten years. why should republicans agree do that. if it's not going to generate enough revenue, congressman? >> well, it's a down payment on the deal. we want to make sure that middle class taxes don't go up by $2,000 january 1st. that's something that i feel the president feels, republicans and democrats should agree on. that's what we can realistically get done in the next few weeks. a straight up or down vote on the senate bill. we have a discharge petition to bring it to the floor of the house to renew the middle class tax cuts. this will continue in terms of figuring out how to balance the budget. but in the meantime, let's not take $2,000 away from every middle class family. >> let's assume you guys get the rate that you're looking for. let's assume that does happen. how are we going to make up for the rest of the revenue? talki
that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white house proposal on this part of the equatio
the federal budget deficit. he knows something about something. he was around when clinton -- remember that economy? okay. he said i wish president obama and the democrats would explain to the nation the federal budget deficit isn't the major problem and deficit reduction shouldn't be the major goal. problem is lack of good jobs and the goal must to be revive both. deficit reduction leads us away from jobs and growth. the reason the fiscal cliff is dangerous is because it's too much deficit reduction too quickly that would suck demand out of the economy. more jobs and growth will help the deficit. recall the '90s when the clinton administration balanced the budget because of faster job growth than anybody expected bringing in more tax revenues than anyone had forecast. europe offers the same lesson in reverse. thank you. as jim says, every time we talk about this, they keep taking the wrong -- lindsey graham said we're going to be greece. yeah, if we do what you want! the best way to generate jobs and growth is
't be prouder of the job she's done. >> she appears to be the top candidate to replace hillary clintons a secretary of state. but could gop opposition change that. joining me is adam shif who said it's unfair to go after rice for information given to her by the cia. so your take on her chance of being approved by the senate. is this worth it to the president? >> i think she would be an extraordinary secretary of state. he ought to go forward and nominate her. it wouldn't be a slam dunk, but she's a strong candidate and would be confirmed. and when you look at the criticism of her, it's so completely unjustified. no one is critiquing her job as ambassador where she organized the sanctions on iran. where she went after and depose moammar gadhafi. she's had a phenomenal record and the only criticism of her is she replied on talking points provided by the intelligence community. that seems to me unfair when the director of the cia and intelligence -- to criticize her for that seems a slender read. so the president ought to go forward. >> i want to bring forward what lindsey graham said this
of mine. good friend of bill clinton's played golf with president obama and bill clinton last sunday. versus this extreme radical tea partier, ken cuccinelli who is the todd akin of virginia. man, that's going to be a good challenge. >> announcer: this is the "bill press show." every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. >> announcer: radio meets television. the "bill press show" now on current tv. >> bill: 33 minutes after the hour now. busy day here on the "full court press" this thursday, december 6th. good to you have with us today. don't forget, you can join
call the launch successful whatever happens. secretary of state hillary clinton is in europe this week at a meeting in nato in brussels. her message is pretty clear. it wants north korea to stop this. if this missile works, bill, the range could be over 6,000 miles. that would put whatever it is launching in the payload in the range of los angeles. bill: greg palkot, watching that out of london. six minutes past. >> this is not north korea's first attempt at this. since 1998 the country has conducted four long-range missile tests. all of them failed out over the ocean. in that time u.s. sources estimate that north korea has developed over 800 medium-range missiles. a number of short-range missiles as well including antiship cruise missiles. bill: president obama will sit down with the nation's top ceos in washington today for new talks on how to avoid the fiscal cliff. the president plans to deliver remarks and answer questions during a meeting of a business roundtable. critics say the president will call on business leaders to press lawmakers about raising the debt ceiling. while that
across the table the way they did with bill clinton, the way they did with ronald reagan, and the way you get things done in washington, rather than saying hey, would you stick with grover norquist or would you not or would you address entitlements or not. i believe it's vital that we address the entitlements, who are the elephant in the room, but that would be up to the people who would be sitting across the table from each other. we cannot go over this fiscal cliff, no matter what people on both ends of the political spectrum say. i believe that there was a popularity poll in case you missed it where now members of congress rank just above car salespeople and i'm a great admirer of car salespeople, you know. it's not even astonishing and it angers me beyond belief, even journalists rank higher than members of congress. >> former senate majority leader george mitchell knows what it's like to be in the middle of the debate. he joins me now. senator mitchell, you more or less have been in john boehner's shoes. you were a congressional leader hammering out a tax and spending cut deal with t
brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> thanks, chris. and thanks to you for tuning in. i'm live from washington, d.c. tonight's lead, the end of an era. for more than 20 years republicans have calmed to the one policy that's crippled our ability to get things done in washington. do you remember this? >> read my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature o
Search Results 0 to 12 of about 13 (some duplicates have been removed)

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